Investors will get a little time to catch their breath after Friday's record-breaking Alibaba trading debut, but not too long.» Read More
NEW YORK— Citizens Financial Group Inc. has raised about $3 billion in its initial public offering of stock that was priced at $21.50 a share, below the expected range. The U.S. banking unit of The Royal Bank of Scotland Group said late Tuesday that it sold 140 million shares in the IPO that had initially been expected to fetch between $23 to $25 a share.
Bank of America Corp. rose$. 02 or. 1 percent, to $17.05. Citigroup Inc. fell$. 20 or. 4 percent, to $52.84. Goldman Sachs fell$. 20 or. 1 percent, to $185.09.
Bank of America Corp. rose$. 12 or. 7 percent, to $17.15. Citigroup Inc. fell$. 02 or percent, to $53.02. Goldman Sachs rose $1.02 or. 6 percent, to $186.31.
LONDON, Sept 23- Recent stirrings of long-dormant financial market volatility have come in the nick of time for an industry that has been bleeding revenue and jobs for years, even though bankers doubt the secular downsizing of the trading world can be reversed.
Bank of America Corp. rose$. 10 or. 6 percent, to $17.13. Citigroup Inc. rose$. 10 or. 2 percent, to $53.14. JPMorgan Chase rose$. 09 or. 1 percent, to $61.00.
Sept 23- OM Asset Management Ltd, a unit of Anglo-South African financial group Old Mutual Plc, is expected to raise about $374 million in its initial public offering.
Bank of America Corp. rose$. 08 or. 5 percent, to $17.03. Citigroup Inc. fell$. 44 or. 8 percent, to $53.04. Goldman Sachs fell$. 91 or. 5 percent, to $185.29.
FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.
Bank of America Corp. rose$. 16 or 1.0 percent, to $17.11. Citigroup Inc. fell$. 14 or. 3 percent, to $53.34. Goldman Sachs fell$. 26 or. 1 percent, to $185.94.
FRANKFURT, Sept 22- Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S.-based Sigma-Aldrich Corp for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group's history.
NEW YORK, Sept 22- Retail stocks were lower on Monday, dropping along with weakness in the broader market, but Morgan Stanley sees a higher-than-average likelihood that many stocks in the sector could receive acquisition offers in the coming year.
Bank of America Corp. rose$. 19 or 1.1 percent, to $17.14. Citigroup Inc. rose$. 06 or. 1 percent, to $53.54. US Bank rose$. 01 or percent, to $43.24.
FRANKFURT, Sept 22- Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S. company Sigma-Aldrich for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group's history.
Sept 22- FMSA Holdings Inc, owned by private equity firm American Securities LLC, said it expected its initial public offering to be priced at $21- $24 per share, raising up to $1.07 billion. American Securities, through its affiliate ASP FML Holdings LLC, is selling all the 44.5 million shares in the offering.
LONDON, Sept 22- Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.
Bank of America Corp. fell$. 09 or. 5 percent, to $16.95. Citigroup Inc. fell$. 18 or. 3 percent, to $53.48. Goldman Sachs fell $1.69 or. 9 percent, to $186.20.
Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years, based on tips about a dozen transactions being negotiated by a prestigious New York law firm. The defendant also agreed to forfeit more than $1 million, the contents of two brokerage accounts, and a 2008 Audi Q7.
BRASILIA/ SAO PAULO, Sept 19- Brazil's financial markets have rallied on the prospect of environmentalist Marina Silva unseating President Dilma Rousseff in next month's election, but political donations show plenty of companies may be wary of a new administration.